TV News LIES

Saturday, Jun 24th

Last update05:20:13 AM GMT

You are here News International Venezuela's government donated $500G to Trump's inauguration, report shows

Venezuela's government donated $500G to Trump's inauguration, report shows

E-mail Print PDF

Venezuela donated to Trump inaugurationA Venezuelan state-owned oil company, heavily indebted to the Russian oil giant Rosneft, made a $500,000 donation to Donald Trump’s inauguration festivities, it has emerged.

Foreign donations are banned under US law, but the Venezuelan company, PdVSA, made the donation through a US affiliate, Citgo Petrol, soon after offering a nearly 50% stake in Citgo to Rosneft as collateral for a $1.5bn loan.

These transactions come at a time when PdVSA and the Venezuelan government of Nicolas Maduro is desperate for cash as oil revenues shrink and civil unrest grows. The influx of money from Rosneft is helping keep PdVSA and Maduro afloat.

If Venezuela defaults on the debt, Rosneft could stand to gain a controlling stake in Citgo, a prospect that has caused anxiety among both Republicans and Democrats in the US Congress. Under current circumstances, however, Rosneft could not take ownership of its shares in Citgo – which owns three refineries, as well as pipelines and oil terminals – because the Russian firm and its boss, Igor Sechin, are under US sanctions linked to Moscow’s military intervention in eastern Ukraine and the annexation of Crimea.

More...

 


Most Recent Related Stories...


Cyberattack Hits U.K. Parliament, Limits MPs' Email Access

UK Parliament hit with cyber attackA cyberattack disabled some of the U.K. Parliament’s communications on Saturday, disrupting the ability of lawmakers...

Twin blasts kill dozens in Parachinar market

Pakistan blast 6/23/17At least 26 people have been killed and 75 others wounded when twin explosions ripped through...

Five dead, 120 missing in landslide in Sichuan's Maoxin

China landslideAt least five people have been found dead and over 120 remain missing hours after a...

Israeli airline can't make women move seats for religious reasons, court rules

Israeli court rules against reseating womenAs an 82-year-old Holocaust survivor and a former lawyer, Renee Rabinowitz might seem an unlikely figurehead...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!